22 February 2019

Car fume curbs to fuel 100 bln-plus yuan market, paper says

Cuts to car emissions are expected to drive a market worth more than 100 billion yuan (US$16.5 billion) as mainland cities invest hundreds of billions of yuan to reduce air pollution this year, the China Securities Journal reported Wednesday, citing some analysts. Auto emissions are seen as a major source of smog and China aims to tackle the issue this year by rolling out a series of policies, including stricter emission standards. Cars account for about half of the nitrogen oxide pollution in the 40 mainland cities with the highest vehicle ownership, the report said.

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